Barton R. Brookman Jr. - 03 Mar 2022 Form 4 Insider Report for PDC ENERGY, INC.

Role: President and CEO, Director
Signature: /s/ Nicole L. Martinet, by power of attorney
Issuer symbol: N/A
Transactions as of: 03 Mar 2022
Net transactions value: -$265,985
Form type: 4
Filing time: 07 Mar 2022, 19:03:28 UTC
Previous filing: 02 Mar 2022
Next filing: 05 Apr 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PDCE	Common Stock	Options Exercise	$156,379	+4,206	+1%	$37.18	405,303	03 Mar 2022	Direct
transaction	PDCE	Common Stock	Options Exercise	$156,416	+4,207	+1%	$37.18	409,510	03 Mar 2022	Direct
transaction	PDCE	Common Stock	Options Exercise	$156,416	+4,207	+1%	$37.18	413,717	03 Mar 2022	Direct
transaction	PDCE	Common Stock	Options Exercise	$227,824	+4,596	+1.1%	$49.57	418,313	03 Mar 2022	Direct
transaction	PDCE	Common Stock	Options Exercise	$227,873	+4,597	+1.1%	$49.57	422,910	03 Mar 2022	Direct
transaction	PDCE	Common Stock	Options Exercise	$227,873	+4,597	+1.1%	$49.57	427,507	03 Mar 2022	Direct
transaction	PDCE	Common Stock	Tax liability	$1,152,873	-17,313	-4%	$66.59	410,194	03 Mar 2022	Direct	F1
transaction	PDCE	Common Stock	Tax liability	$265,894	-3,993	-0.97%	$66.59	406,201	03 Mar 2022	Direct	F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	PDCE	Stock Appreciation Rights	Options Exercise	$0	-4,206	-100%	$0.000000^*	0	03 Mar 2022	Common Stock	4,206	$37.18	Direct
transaction	PDCE	Stock Appreciation Rights	Options Exercise	$0	-4,207	-100%	$0.000000^*	0	03 Mar 2022	Common Stock	4,207	$37.18	Direct
transaction	PDCE	Stock Appreciation Rights	Options Exercise	$0	-4,207	-100%	$0.000000^*	0	03 Mar 2022	Common Stock	4,207	$37.18	Direct
transaction	PDCE	Stock Appreciation Rights	Options Exercise	$0	-4,596	-100%	$0.000000^*	0	03 Mar 2022	Common Stock	4,596	$49.57	Direct
transaction	PDCE	Stock Appreciation Rights	Options Exercise	$0	-4,597	-100%	$0.000000^*	0	03 Mar 2022	Common Stock	4,597	$49.57	Direct
transaction	PDCE	Stock Appreciation Rights	Options Exercise	$0	-4,597	-100%	$0.000000^*	0	03 Mar 2022	Common Stock	4,597	$49.57	Direct

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Includes 17,313 shares representing the deemed exercise prices for both the 2013 and 2014 Stock Appreciation Rights awards.
F2	Includes 3,993 shares surrendered to issuer to cover tax withholding obligations of the reporting person for both the 2013 and 2014 Stock Appreciation Rights awards.